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eCurrency
July 2018 2
• Implementation based on requirements from 30+ central banks
• Pilots deployed in multiple markets• Commercialized in West African Economic
& Monetary Union as DigiMoney• Commercialized in Philippines as ePiso
Our mission:
To enable central banks to issue fiat currency digitally for the benefit of the public
Digital Fiat Currency implemented and deployed by eCurrency
July 2018 3
• eCurrency unit is a cryptographic object representing a value and participating in transactions
• Each eCurrency unit is uniquely identifiable just like physical currency
• eCurrency units circulate within existing and future electronic payment systems enabling them to operate in Central Bank issued, base money (M0)
Payment systems
Governance & Monitoring
eCurrency Plates
Central Bank
eCurrency Units eCurrency Distribution
eCurrency Plates
User identity and authentication
Payment systems
eCurrency Plates
eCurrency DFC role in the e-money ecosystem
July 2018 4
DFC production, distribution and governance
Payment switches:NPCI, GIMAC, GIM-UEMOA, Swish, MojaLoop
Instant and final settlement through exchange of DFC, i.e. base money issued by the central bank
User identity and authentication
DFC circulation
Payment systems and switches
Much simplified e-money governance and payment systems regulation
eCurrency DFC API
July 2018 5
• Interface allows Payment Systems to transact in DFC
• Synchronous exchange of messages over a secure connection
o Native SOAP interface
o ISO 8583, JSON available
• Transactions must be delivered to eCMS in real time
• eCurrency objects delivered by eCMS must be persisted in a subscriber database: payment system wallets or, eventually, individual devices
• We are delighted to announce opening of the API and to contribute the API specification to the ITU DFC FG
• We are also ready to provide a test sandbox and assist in the development and experimentation
